Optimization of material and technical supply management of industrial enterprises
Оптимизация управления материально-техническим снабжением промышленных предприятий
2022-06-29
SCID: 54.1/xe7pbd2z
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adaptive economic-mathematical modelindustrial enterprise logisticslogistics cost optimizationmaterial and technical supplyraw material inventory management
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Abstract (AI)
Purpose. Development of an adaptive economic and mathematical model of raw material supply management for the production activities of industrial enterprises. Methodology. In the course of the study, the following methods of understanding economic phenomena and processes were used to solve the problems posed in the work: system analysis, economic and mathematical modeling, abstract-logical and graphical methods. Findings. The work identifies specific characteristics of the organization of supply of raw materials, equipment, inventory and finished products to industrial enterprises. An adaptive economic and mathematical model of optimization of material and technical supply of these enterprises is formulated. The proposed model simplifies the choice of raw material inventory management system depending on the specifics of the production process of a particular enterprise and the external conditions of its operation. The use of adaptive model is necessary in the formation of supply and demand change programs in the markets of finished products, monitoring the movement of own funds in the organization of transportation of raw materials from suppliers and redistribution of available financial resources to address the priorities of business entities. Originality. The authors propose an adaptive economic and mathematical model for optimizing material and technical supply, which takes into account the possibility of violation of the delivery time of inventory items under the influence of force majeure, and also determines the optimal amount of raw materials for supply under certain operating conditions of a particular industrial enterprise. Practical value. The use of the economic and mathematical model formed by the authors in the economic activity of industrial enterprises will allow the latter to timely forecast and plan their logistics costs and, as a consequence, avoid irrational spending of available financial resources.
Key Findings
1
Applying the model can improve forecasting and planning of logistics costs and help prevent irrational use of industrial enterprises’ financial resources.
2
The approach supports supply-and-demand programming, transportation-fund monitoring, and redistribution of financial resources toward enterprise priorities.
3
The model accounts for production-specific and external operating conditions when selecting an appropriate raw-material inventory management system.
4
The model incorporates possible force-majeure disruptions to inventory delivery times and determines optimal raw-material supply quantities.
5
The study develops an adaptive economic-mathematical model for optimizing raw-material and material-technical supply in industrial enterprises.
Research Object
Material and technical supply systems of industrial enterprises, including raw materials, equipment, inventory, and finished products
Research Subject
Adaptive optimization and management of raw-material inventories, supply quantities, delivery timing, and logistics costs under production and external operating conditions
Publication Details
Publication Date
2022-06-29
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